Kross IPO receives 2.56 times subscription on second day of offer ...Middle East

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Kross IPO receives 2.56 times subscription on second day of offer
source : Business Standard ( Middle East ) () 36
The initial share sale of auto parts manufacturer Kross Ltd received 2.56 times subscription on the second day of bidding on Tuesday. The initial public offer got bids for 3,92,75,140 shares against 1,53,50,877 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) garnered 3.87 times subscription while the category for non-institutional investors got subscribed 2.87 times. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription. Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors. The Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer-for-Sale (OFS) agg

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